Saturday, 27 December 2014
Last updated 2 days ago
Jun 24 2010 | 7:16am ET
If something doesn’t change for two whole years, is it still news?
News or not, Fortress Investment Group said it won’t pay a second-quarter dividend. The alternative investments giant has not paid a dividend to investors since the second quarter of 2008.
As with the previous seven quarters, Fortress said it would hold onto the capital that would have otherwise paid the dividend “for potential future investment opportunities and for working capital purposes.”
New York-based Fortress, which manages about $32 billion, posted a first-quarter loss, but saw the performance of its funds and its fee income rise sharply.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.